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Morningstar

Columbia Floating Rate Inst CFRZX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
33.04  /  0.00 %
Total Assets
848.5 Mil
Adj. Expense Ratio
0.780%
Expense Ratio
0.780%
Fee Level
Above Average
Longest Manager Tenure
3.82 years
Category
Bank Loan
Credit Quality / Interest Rate Sensitivity
Low / Limited
Min. Initial Investment
2,000
Status
Open
TTM Yield
4.27%
Effective Duration
0.21 years

USD | NAV as of Dec 05, 2022 | 1-Day Return as of Dec 05, 2022, 10:18 PM GMT+00:00

Morningstar’s Fund Analysis CFRZX

Will CFRZX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable CFRZX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the CFRZX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of CFRZX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Stabilizing.

Senior Analyst

Summary

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Columbia Floating Rate has experienced a revolving door of portfolio managers since 2018. This team implements a structured, robust process of credit risk management and portfolio construction, but given the newness of the management team, it doesn’t have a track record of executing the process. The strategy retains its Average People and Process Pillar ratings and its Morningstar Analyst Rating of Neutral across most share classes, though its expensive C shares retain a Negative rating.

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